Blockchain Association urges Treasury to clarify GENIUS Act rules on DeFi, issuers and wallet checks
The Blockchain Association urged the U.S. Treasury to clarify GENIUS Act stablecoin rules, including definitions related to DeFi, foreign stablecoin issuers, trading liability and wallet-location checks. The group supports Treasury’s rulemaking but is seeking more precise language [1] [2] [3].
The association filed a 26-page comment letter on Oct. 19 addressing Treasury’s proposed rules for payment stablecoin issuance, offering and sale. It called for clearer definitions ahead of the framework taking full effect on Jan. 18, 2027 [4].
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Sources
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- 1GENIUS Act: Blockchain Association Seeks Clearer DeFi, Stablecoin Rulescrypto.news• Oct 20, 2026
- 2Blockchain Association backs Treasury stablecoin rule but wants tighter definitionsCrypto Briefing• Oct 20, 2026
- 3Crypto Industry Group Backs Treasury Stablecoin Rule, Seeks Sharper DefinitionsTheCoinrise.com• Oct 20, 2026
- 4GENIUS Act Update: BA Seeks Protections for DeFi Infrastructure and Foreign IssuersCoinGape• Oct 20, 2026
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